Netskope (NASDAQ:NTSK) Shares Gap Down – What’s Next?

Netskope Inc. (NASDAQ:NTSK)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $15.81, but opened at $15.04. Netskope shares last traded at $14.9610, with a volume of 452,989 shares traded.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Wells Fargo & Company raised their price objective on shares of Netskope from $13.00 to $17.00 and gave the company an “overweight” rating in a research note on Monday. Piper Sandler cut their target price on shares of Netskope from $21.00 to $18.00 and set an “overweight” rating on the stock in a research note on Thursday, June 4th. Oppenheimer reduced their target price on shares of Netskope from $19.00 to $16.00 and set an “outperform” rating on the stock in a report on Thursday, June 4th. Citizens Jmp decreased their price target on shares of Netskope from $23.00 to $17.00 and set a “market outperform” rating for the company in a research report on Friday, May 1st. Finally, BTIG Research dropped their price target on shares of Netskope from $17.00 to $14.00 and set a “buy” rating for the company in a research note on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Netskope presently has an average rating of “Moderate Buy” and a consensus price target of $17.47.

Netskope Price Performance

The stock’s 50 day moving average is $12.08 and its two-hundred day moving average is $11.15. The stock has a market capitalization of $6.21 billion and a PE ratio of -76.85. The company has a debt-to-equity ratio of 4.06, a current ratio of 2.17 and a quick ratio of 2.16.

Netskope (NASDAQ:NTSK) last issued its quarterly earnings results on Wednesday, June 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. The firm had revenue of $201.59 million during the quarter. The firm’s quarterly revenue was up 27.8% on a year-over-year basis. Netskope has set its Q2 2027 guidance at -0.070–0.060 EPS and its FY 2027 guidance at -0.180–0.180 EPS. As a group, sell-side analysts forecast that Netskope Inc. will post -0.88 earnings per share for the current fiscal year.

Insider Activity

In related news, major shareholder Lightspeed Venture Partners Se sold 219,075 shares of the stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $12.23, for a total value of $2,679,287.25. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director William J.G. Griffith purchased 64,771 shares of the business’s stock in a transaction on Monday, July 13th. The stock was acquired at an average price of $12.42 per share, for a total transaction of $804,455.82. Following the completion of the purchase, the director owned 916,690 shares of the company’s stock, valued at $11,385,289.80. This represents a 7.60% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have acquired 1,833,380 shares of company stock valued at $21,960,909 and have sold 3,529,696 shares valued at $33,002,807. 25.52% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Scge Management L.P. acquired a new stake in shares of Netskope during the 3rd quarter worth about $312,104,000. Vanguard Group Inc. increased its stake in Netskope by 51.5% in the fourth quarter. Vanguard Group Inc. now owns 5,332,708 shares of the company’s stock valued at $93,536,000 after purchasing an additional 1,812,857 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in Netskope by 14.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,556,583 shares of the company’s stock worth $62,383,000 after purchasing an additional 456,321 shares in the last quarter. Public Sector Pension Investment Board acquired a new stake in Netskope during the fourth quarter worth approximately $60,882,000. Finally, TimesSquare Capital Management LLC lifted its position in shares of Netskope by 15.3% during the 4th quarter. TimesSquare Capital Management LLC now owns 3,135,851 shares of the company’s stock worth $55,003,000 after buying an additional 415,505 shares during the last quarter.

Netskope Company Profile

We are redefining security and networking for the era of cloud and AI. The cloud and AI have completely revolutionized work. We are more dispersed, more productive, and more automated than ever before, and the rate of change is only accelerating. Not since the internet has there been such a transformative tectonic shift. But, with it has come collateral damage-traditional security and networking are now broken. We founded Netskope to address this revolution. We built Netskope One, our unified, cloud-native platform from the ground up to solve the challenge of securing and accelerating the digital interactions of enterprises in this new era.